As a top real estate agent in La Canada, I must stay updated on current market conditions. Let’s dive into the La Canada Real Estate stats for June 2024. Last month, eight homes closed escrow, which is extremely low for this time of year. The sales prices varied, with five selling over the asking price and three below. A four-bedroom and four-bathroom home at 1994 Hilldale Dr sold for $547.27 per foot. This was the least expensive home sold last month, listed for $1,849,000, and took forty-nine days to sell for $1,725,000. This was the only La Canada sale under $2,000,000.
A three-bedroom, two-bathroom at 4131 Encinas Dr sold for $1,239.49 per foot.
The most expensive home sold in La Canada was a six-bedroom, seven-bathroom, 7,573-square-foot home located at 887 Flintridge Ave. Initially listed for $6,750,000, it sold for $5,629,290 after eleven months.
Days on market ranged from sixteen for a home on Encinas to two hundred seventy for the home on Flintridge Ave. The number of days on the market is the highest year to date. The absorption rate is the second highest, meaning it’s not as much of a seller’s market when examining La Canada real estate June 2024.
